Lateraling and losing a year?

I know it is normal for people to lose a year especially at analyst level. But what about compensation? Do you accept the same pay as one year below you? (If you are second year, you start as a first year and get paid like a first year. Is there a world where you get paid as a second year for those two years?)

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The latter option is what I was thinking. I also turned down an offer that was the higher year pay, can I bring that up? You think that’s a fair negotiation?

 

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